The following information comes from the balance sheets and income statements of Crosby Co.: As of or for the Year ended December 31 Current Year Prior Year Cash $ 24,000 $ 20,000 Accounts receivable 38,000 44,000 Inventory 64,000 50,000 Property and equipment 224,000 218,000 Current liabilities 88,000 80,000 Long-term liabilities 106,000 100,000 Stockholders' equity 156,000 152,000 Net sales revenues 680,000 630,000 Cost of goods sold 440,000 420,000 Operating expenses 160,000 150,000 Interest expense 10,000 8,000 Income tax expense 18,000 . 16,000 What is the times interest earned ratio for the current year